Business NSIC Registration: Benefits & Process by Tatva Consultancy February 10, 2025 written by Tatva Consultancy February 10, 2025 If you’re an MSME (small and micro-enterprise) in India and looking to access government procurement, registering yourself with NSIC (National Small Industries Corporation) can make a significant impact on your business life. Under the Single Point Registration Scheme (SPRS), such registration can have numerous positive consequences for your business life. If you’re searching for an NSIC Registration Service in Ahmedabad, getting registered can help you gain various government benefits and opportunities. Step-by-Step Process for NSIC Registration Why Consider NSIC Registration? NSIC registration grants several advantages to MSEs: Free access to tender documents: Registered MSEs have access to tender documents free of charge, lessening the initial cost of participating. EMD Exemption: Exemption from payment of Earnest Money Deposit, making bidding for government contracts more convenient. Price Preference: In the case of tender, when an MSE’s quoted price is 15% below the L1, then such an MSE can deliver 25% of the demand at the L1 price. Exclusive Procurement: Exclusive procurement of certain goods is reserved for purchase solely from MSEs, assuring a guaranteed demand. Eligibility and Registration Procedure To be eligible for NSIC registration: Udyam Registration: There should be a proper Udyam Registration for your business. Operational Status: MSEs that have started commercial production but have not completed one year can get provisional registration for a year. Also Read: The Benefits of Government e-Marketplace Registration The registration process entails: Application Form Submission: Submit the application form uploaded at the website of NSIC Submission of Documents: Upload necessary documents, like your Udyam Registration certificate, financial statements, and performance statements. Inspection: Officials at NSIC can inspect your premises of business. Registration Charge: Pay the applicable registration fee for your business’s turnover. Sanctioning: After successful certification, NSIC issues a two-year valid certificate of registration. Need Help? It may be complicated to navigate the process of NSIC registration. Tatva Consultancy Services, We are an Ahmedabad-based company, that provides professional assistance to make your registration process smooth. Having more than 20 years of experience, We have expertise in all types of business registrations, including NSIC. Contact us at +91 98253 10954 for personalized guidance. Initiating the journey for NSIC registration can open doors for your business toward tremendous growth. With guidance, you can enter the government procurement marketplace with ease and drive your business to new heights. 0 comment 0 FacebookTwitterPinterestEmail Tatva Consultancy previous post Understanding the IEM Process: The Complete Guide for Businesses next post Government e-Marketplace (GeM) Process: A Quick Guide You may also like Government e-Marketplace (GeM) Process: A Quick Guide February 20, 2025 Understanding the IEM Process: The Complete Guide for... January 27, 2025 With Tatva Consulting Services, India can obtain HACCP... October 19, 2023 An overview of Business registration process in India October 9, 2023 Trademark Registration for Brands in India July 16, 2023 IEM Registration: A Comprehensive Guide for Industrial Entrepreneurs March 21, 2023 Importance of Trademark Registration to Businesses: A Quick... March 18, 2023 The Benefits of Government e-Marketplace Registration March 15, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.